Cubist Systematic Strategies LLC Reduces Stock Position in Brf S.A. (NYSE:BRFS)

Cubist Systematic Strategies LLC decreased its position in Brf S.A. (NYSE:BRFS) by 5.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 789,253 shares of the company’s stock after selling 41,716 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in BRF were worth $3,212,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BRFS. Navellier & Associates Inc. grew its stake in shares of BRF by 2.6% in the fourth quarter. Navellier & Associates Inc. now owns 234,706 shares of the company’s stock worth $955,000 after purchasing an additional 5,977 shares during the last quarter. Two Sigma Securities LLC lifted its holdings in BRF by 15.3% in the 4th quarter. Two Sigma Securities LLC now owns 49,704 shares of the company’s stock worth $202,000 after buying an additional 6,597 shares during the period. Mariner LLC grew its position in shares of BRF by 26.7% in the 4th quarter. Mariner LLC now owns 41,864 shares of the company’s stock worth $170,000 after buying an additional 8,815 shares during the last quarter. Blue Trust Inc. increased its stake in shares of BRF by 55.8% during the fourth quarter. Blue Trust Inc. now owns 27,106 shares of the company’s stock valued at $118,000 after buying an additional 9,709 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of BRF during the fourth quarter valued at approximately $43,000. 4.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BRFS. Citigroup raised shares of BRF from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of BRF from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 24th.

BRF Trading Down 5.8 %

NYSE BRFS opened at $3.38 on Friday. The firm has a market capitalization of $3.66 billion, a PE ratio of 7.86, a P/E/G ratio of 0.19 and a beta of 1.44. The stock’s 50 day moving average is $3.48 and its 200 day moving average is $3.83. Brf S.A. has a twelve month low of $2.99 and a twelve month high of $4.87. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 1.05.

BRF (NYSE:BRFS) last released its earnings results on Wednesday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.11). BRF had a return on equity of 19.66% and a net margin of 6.52%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Research analysts forecast that Brf S.A. will post 0.45 earnings per share for the current fiscal year.

BRF Company Profile

BRF SA raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company provides frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham products, bologna, frankfurters, salamis, bacons, cold meats, and other smoked products; and hamburgers, steaks, breaded meat products, kibbeh, and meatballs, as well as chicken sausages, hot dogs, and chicken bologna.